James Hong and Jim Young

James Hong and Jim Young ran the rating/dating website HOTorNOT for eight years before
cashing out with an undisclosed multi-million dollar deal this
past February (Hong
disputes Techcrunch’s $20 million figure). The two
entrepreneurs turned a simple concept into a successful business
model, and never used a dime of venture capital during their
eight-year run.

In recent years, Hong has invested in companies like Slide,
Raptr and BitTorrent. But
since the sale of HOTorNOT, he’s been taking a break and enjoying
life. “I'm reading a lot more, and also trying to get in better
shape,” he wrote in an email to SAI. “The
Wii Fit is helping.”

Young has also become an angel investor, and currently works on
new business ideas with friends. Most recently, he has been
learning how to build iPhone apps. “I also got married and have a
one-year-old daughter,” he wrote to SAI, “so that takes a bit of
time away from coding.”